Pzena Investment Management LLC Increases Stake in Credicorp Ltd. (NYSE:BAP)

Pzena Investment Management LLC increased its holdings in Credicorp Ltd. (NYSE:BAP) by 5.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,080,579 shares of the bank’s stock after purchasing an additional 53,746 shares during the period. Pzena Investment Management LLC owned approximately 1.36% of Credicorp worth $198,092,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Nordea Investment Management AB boosted its stake in shares of Credicorp by 18.5% in the 4th quarter. Nordea Investment Management AB now owns 24,008 shares of the bank’s stock valued at $4,362,000 after purchasing an additional 3,753 shares in the last quarter. Artemis Investment Management LLP purchased a new stake in Credicorp during the 4th quarter valued at $9,349,000. Park Avenue Securities LLC purchased a new stake in Credicorp during the 4th quarter valued at $238,000. FMR LLC boosted its position in Credicorp by 6.1% during the 3rd quarter. FMR LLC now owns 3,446,621 shares of the bank’s stock valued at $623,735,000 after buying an additional 199,137 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in Credicorp by 20.0% during the 4th quarter. Atomi Financial Group Inc. now owns 1,562 shares of the bank’s stock valued at $286,000 after buying an additional 260 shares during the period. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Credicorp Stock Down 1.1 %

Shares of NYSE BAP opened at $179.96 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. Credicorp Ltd. has a 12 month low of $153.27 and a 12 month high of $200.00. The firm has a market capitalization of $14.31 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.56 and a beta of 1.10. The firm has a fifty day simple moving average of $184.04 and a two-hundred day simple moving average of $183.74.

Credicorp (NYSE:BAP) last issued its quarterly earnings data on Monday, February 10th. The bank reported $3.76 EPS for the quarter, missing the consensus estimate of $4.42 by ($0.66). Credicorp had a return on equity of 16.25% and a net margin of 20.94%. Equities analysts expect that Credicorp Ltd. will post 21.9 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on BAP. Bank of America cut shares of Credicorp from a “buy” rating to a “neutral” rating and dropped their price target for the company from $209.00 to $208.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their price target on shares of Credicorp from $200.00 to $219.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th.

Credicorp Profile

Credicorp Ltd. provides various financial, insurance, and health services and products primarily in Peru and internationally. It operates through Universal Banking, Insurance and Pensions, Microfinance, and Investment Banking and Equity Management segments. The Universal Banking segment grants various credits and financial instruments to individuals and legal entities; and various deposits and current accounts.